Dodge & Cox
SEC Form 13F institutional filer · CIK 0000200217
13F-HR · 146 reported holdings · 2026-03-31
Asset management firm, known for value investing.
Reported long-US-equity value
$141.29B
Top-10 concentration
34.9%
Dodge & Cox — $141B AUM allocation strategy
Dodge & Cox files SEC Form 13F and reports $141B of long US equity value across 146 reported holdings for 2026-03-31.
Its largest sector bet is Industrials 12.7%, followed by Communication Services 11.2% and Health Care 9.6%.
The top 10 holdings account for 35% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Dodge & Cox — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$141B
total across 146 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
35% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$CARR +13.2M sh · +$790M+$HPQ +7.09M sh · +$30.3M+$AJG +6.47M sh · +$1.37B
Biggest trims (shares)
−$CVS −10.7M sh · −$1.24B−$FDX −5.6M sh · −$945M−$OXY −5.39M sh · +$1.55B
Exited to nil (held last quarter, gone now)
$IEX ($225M last qtr)$ECHO ($3.53M last qtr)$VOO ($376K last qtr)$PYPL ($261K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services6.7%—
- Building Products5.4%—
- Investment Banking & Brokerage5.0%—
- Aerospace & Defense4.8%—
- Biotechnology4.8%—
- Health Care Services4.8%—
- Cable & Satellite4.6%—
- Oil & Gas Exploration & Production3.4%—
- Other holdings60.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $JCI | Johnson Controls International plc | 57.5M | $7.53B | -2.88M | 5.3% |
| $SCHW | Charles Schwab Corporation | 75M | $7.05B | -1.51M | 5.0% |
| $RTX | RTX Corporation | 35.5M | $6.84B | -2.1M | 4.8% |
| $OXY | Occidental Petroleum Corporation | 74.1M | $4.82B | -5.39M | 3.4% |
| $MSFT | Microsoft Corporation | 12M | $4.43B | +4.52M | 3.1% |
| $BKNG | Booking Holdings Inc | 997K | $4.2B | +265K | 3.0% |
| $CVS | CVS Health Corporation | 51.8M | $3.72B | -10.7M | 2.6% |
| $MET | MetLife Inc | 51.1M | $3.61B | -1.14M | 2.6% |
| $FDX | FedEx Corporation | 9.98M | $3.56B | -5.6M | 2.5% |
| $GOOGL | Alphabet Inc | 12.2M | $3.51B | -647K | 2.5% |
…and 136 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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